Deduce the firm-s short-run supply equation


In a competitive industry, the short-run average variable cost (AVC) of a firm is:

AVC = 600 - 20Q - 0.5Q2

a. Derive the firm's short-run supply equation

b. Determine the minimum possible price (shut-down price) for the firm.

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Microeconomics: Deduce the firm-s short-run supply equation
Reference No:- TGS0512288

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